The Best Mortgage Lenders in Radford, VA
Compare verified mortgage lenders serving Radford, Virginia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Radford
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a highly-rated regional lender known for its exceptional customer service and competitive rates. Founded in 1995, they have built a strong reputation in Virginia, including the Radford area, with a focus on personalized mortgage solutions. They offer a wide range of loan products and are praised for their efficient processing and local expertise, making them a top choice for homebuyers in the New River Valley region.
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Movement Mortgage
Movement Mortgage, Inc.
Movement Mortgage is a nationally recognized lender with a strong local presence in Virginia, serving Radford and surrounding areas. Founded in 2008, they are celebrated for their quick loan approvals and excellent customer support. They specialize in various loan types and have a commitment to community engagement, often participating in local events. Their high ratings reflect consistent satisfaction among homebuyers for transparency and reliability.
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Cardinal Financial
Cardinal Financial Company, Limited Partnership
Cardinal Financial is a well-established mortgage lender with over 26 years of experience, offering comprehensive services to clients in Radford and across Virginia. Known for competitive rates and a wide array of loan options, they prioritize customer satisfaction and have garnered strong reviews for their knowledgeable staff and streamlined application process. Their national reach combined with local support makes them a dependable choice for mortgages in
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Frequently Asked Questions
Common questions about mortgage lending in Radford, VA
Are there any special first-time homebuyer programs available specifically for Radford, VA?
Yes, Radford homebuyers can access the Virginia Housing Down Payment Assistance Grant (DPA), which provides up to 2.5% of the home's purchase price. Additionally, the City of Radford itself does not currently offer a separate local program, but being in Virginia, buyers are eligible for statewide programs like VHDA loans, which often feature competitive rates and lower down payment requirements ideal for the local market.
How does Radford's status as a college town impact the mortgage and housing market?
Radford University creates a consistent demand for rental properties, which can make investment property mortgages attractive for some buyers. However, for primary residences, competition can be stiffer for single-family homes near campus. Lenders in the area are familiar with this dynamic and can advise on neighborhoods that balance value and potential for stable residency or rental income.
What are typical property taxes like in Radford, and how do they affect my mortgage payment?
Radford has its own city property tax rate, which is separate from Montgomery County. The current rate is $1.04 per $100 of assessed value, which is relatively high for the region. Your lender will factor this into your monthly escrow payment, significantly impacting your total PITI (Principal, Interest, Taxes, Insurance) and the overall home affordability you qualify for.
Are USDA Rural Development loans a viable option for mortgages in Radford, VA?
Absolutely. Most of Radford and its surrounding areas in Montgomery and Pulaski counties are eligible for USDA loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers with moderate incomes looking to purchase in Radford, as it removes one of the largest barriers to homeownership in the area.
How do local lenders in Radford differ from national banks for getting a mortgage?
Local lenders and credit unions, such as those based in the New River Valley, often have deeper knowledge of Radford's specific neighborhoods, property values, and the nuances of dealing with older homes common in the area. They may also offer more personalized service and potentially more flexibility with local underwriting, which can be crucial for a smooth closing in a smaller market.
Why Choose a Mortgage Lender in Radford?
Local Market Knowledge
Lenders who understand Radford's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Virginia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Radford and get competitive rates on your home loan.